UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Bunge Global SA (NYSE:BG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Bunge Global SA (NYSE:BG) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,407,625 shares of the basic materials company’s stock after selling 471,785 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.01% of Bunge Global worth $109,457,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BG. Pacer Advisors Inc. raised its holdings in Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Norges Bank acquired a new position in shares of Bunge Global during the 4th quarter worth $148,857,000. Voloridge Investment Management LLC boosted its position in shares of Bunge Global by 443.2% in the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company’s stock worth $94,503,000 after buying an additional 991,607 shares in the last quarter. Invesco Ltd. boosted its position in shares of Bunge Global by 28.6% in the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company’s stock worth $249,349,000 after buying an additional 713,561 shares in the last quarter. Finally, FMR LLC grew its stake in Bunge Global by 25.3% in the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company’s stock valued at $269,488,000 after acquiring an additional 699,889 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BG shares. Bank of America cut their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Citigroup raised their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Morgan Stanley reduced their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Stephens lowered their target price on Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Bunge Global presently has an average rating of “Hold” and a consensus price target of $81.60.

Bunge Global Price Performance

Bunge Global stock opened at $78.23 on Friday. The stock has a market capitalization of $10.51 billion, a P/E ratio of 9.68, a P/E/G ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The firm’s 50-day moving average is $77.23 and its two-hundred day moving average is $78.47.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.54. The firm had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Bunge Global’s revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.04 earnings per share. Equities analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Tuesday, February 17th. Bunge Global’s dividend payout ratio is currently 35.53%.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.